2016-11-18T09:25:12-06:00 2016-06-30 561220683 POTTER & COMPANY PA 434 COPPERFIELD BLVD NE STE A CONCORD NC 28025 990 2015-07-01 262726341 CABARRUS COUNTY TOURISM AUTHORITY CABA 8008483740 10099 WEDDINGTON RD NO 102 CONCORD NC 28027 JOHN MILLS EXECUTIVE VICE PRESIDENT 7044567962 2016-11-18 1 SAMUAL M LEDER CPA P00485633 7047868189 2015 2017-02-10 21:41:12Z CABARRUS COUNTY CONVENTION AND VISITORS BUREAU JOHN MILLS 10099 WEDDINGTON RD CONCORD NC 28027 5444428 0 X WWW.CABARRUSCVB.COM X 2008 NC DRIVE VISITATION TO CABARRUS COUNTY TO GENERATE THE MAXIMUM IMPACT THROUGH HOTEL STAYS AND VISITOR SPENDING. 12 12 24 20 0 0 0 0 4905223 5387075 3068 3202 0 54151 4908291 5444428 0 0 0 0 1322811 1307091 0 0 0 2864913 3277455 4187724 4584546 720567 859882 2984284 3833090 170127 294684 2814157 3538406 DRIVE VISITATION TO CABARRUS COUNTY TO GENERATE THE MAXIMUM IMPACT THROUGH HOTEL STAYS AND VISITOR SPENDING. 0 0 3896865 DRIVE VISITATION TO CABARRUS COUNTY TO GENERATE THE MAXIMUM IMPACT THROUGH HOTEL STAYS AND VISITOR SPENDING. 3896865 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 24 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JOHN MILLS 7044567962 10099 WEDDINGTON RD SUITE 102 CONCORD NC 28027 JENNIFER PARSLEY CHAIRMAN 1.00 X X 0 0 0 TIM HAGLER BOARD MEMBER 1.00 X 0 0 0 RAY SOPOROWSKI BOARD MEMBER 1.00 X 0 0 0 PAMELA DUBOIS TREASURER 1.00 X X 0 0 0 ANGIE BROWN BOARD MEMBER 1.00 X 0 0 0 SCOTT PADGETT BOARD MEMBER 1.00 X 0 0 0 ELIZABETH POOLE BOARD MEMBER 1.00 X 0 0 0 JOEL GRIFFIN BOARD MEMBER 1.00 X 0 0 0 TAMMY TREXLER WHALEY SECRETARY 1.00 X X 0 0 0 VINAY PATEL BOARD MEMBER 1.00 X 0 0 0 PRITESH NAGARJI BOARD MEMBER 1.00 X 0 0 0 TROY TAYLOR BOARD MEMBER 1.00 X 0 0 0 DONNA CARPENTER PRESIDENT/CEO 40.00 X X 131794 0 0 131794 0 0 1 0 0 0 CHARLOTTE MOTOR SPEEDWAY PO BOX 600 CONCORD NC 28027 MARKETING/SPONSORSHIPS 511191 SIMPLEVIEW 7458 N LA CHOLLA BLVD SUITE 100 TUCSON AZ 85741 MARKETING 243625 WEDDINGTON ROAD PARTNERS PO BOX 40 NEW LONDON NC 28127 RENT 143970 3 OCCUPANCY TAX 900099 5343668 5343668 ADVERTISING FEES 900099 36280 36280 PROGRAM FEES 900099 7127 7127 5387075 3202 3202 DONATED REVENUE 900099 42490 42490 MISCELLANEOUS INCOME 900099 11661 11661 54151 5444428 5444428 0 0 387018 328965 58053 606006 515105 90901 88239 75003 13236 151691 128937 22754 74137 63016 11121 12476 10605 1871 702325 596976 105349 53657 45608 8049 50627 43033 7594 176521 150043 26478 60106 51090 9016 19148 16276 2872 SPONSORSHIP/EVENT EXPEN 1071442 910726 160716 OTHER EXPENSES 558026 474324 83702 COLLATERAL PRODUCTION/B 305944 260052 45892 ADMINISTRATION FEE 267183 227106 40077 4584546 3896865 687681 0 2315357 3060150 415128 451494 521048 278801 253799 242247 0 79199 2984284 3833090 170127 162253 0 132431 170127 294684 X 0 0 0 242247 2814157 3296159 2814157 3538406 2984284 3833090 X 859882 -135633 X X 0 1 X 0 0 202910 55581 147329 71256 63430 7826 246882 159790 87092 242247 NET PENSION LIABILITY 83701 DEFERRED INFLOWS OF RESOURCES 48730 132431 X 5444428 0 5444428 0 5444428 4584546 0 4584546 0 4584546 PART X, LINE 2: THE ORGANIZATION HAS ADOPTED ASC 740-10, EFFECTIVE FOR AUDIT YEARS ENDING AFTER DECEMBER 15, 2009, AS IT RELATES TO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2016 AND HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ORGANIZATION BEEN CONTACTED BY THE INTERNAL REVENUE SERVICE. BASED ON THE EVALUATION OF THE ORGANIZATIONS TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAVE BEEN RECORDED FOR THE YEARS ENDED JUNE 30, 2016 JENNIFER PARSLEY MEMBER OF BOARD & OWNER OF ADVENTURES IN MOTORSPORTS 1800 THE ORGANIZATION PAID ADVENTURES IN MOTORSPORTS $1,800 DURING THE YEAR ENDED JUNE 30, 2016 FOR ASSISTANCE WITH DESTINATION TOURS. 0 TIM HAGLER MEMBER OF BOARD & VP OF COMMUNITY RELATIONS - CHARLOTTE MOTOR SPEEDWAY 500000 THE ORGANIZATION HAS A MARKETING AGREEMENT WITH CHARLOTTE MOTOR SPEEDWAY AND THE ORGANIZATION PAID CHARLOTTE MOTOR SPEEDWAY $500,000 DURING THE YEAR ENDED JUNE 30, 2016. 0 RAY SOPOROWSKI MEMBER OF BOARD & GENERAL MANAGER - CONCORD MILLS 20000 THE ORGANIZATION HAS A MARKETING AGREEMENT WITH CONCORD MILLS AND THE ORGANIZATION PAID CONCORD MILLS $20,000 DURING THE YEAR ENDED JUNE 30, 2016. 0 FORM 990, PART VI, SECTION B, LINE 11 A DRAFT COPY OF THE 990 RETURN WAS PRESENTED TO THE BOARD OF DIRECTORS AT THEIR REGULARLY SCHEDULED MEETING FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY WAS DISTRIBUTED ANNUALLY TO THE BOARD OF DIRECTORS AND THE EMPLOYEES. WITHIN THE POLICY THERE ARE PROCEDURES FOR COMMUNICATING CONCERNS TO SUPERVISORS AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15A SALARY OF THE CEO IS DETERMINED BY THE BOARD OF DIRECTORS. THE ORGANIZATION USED COMPARABLE DATA FROM OTHER RESOURCES SUCH AS DESTINATION MARKETNG ASSOCIATION INTERNATIONAL FOR CEO COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE UPON REQUEST. ORGANIZATIONS STAFF ARE AVAILABLE TO PROVIDE SUPERVISION AND ANSWER ANY QUESTIONS THE INQUIRING PARTY MAY HAVE. FORM 990, PART XI, LINE 9: GASB 68 ADJUSTMENT -135,633. FORM 990, PART XI, LINE 2C THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR.